Alkimi (ADS) currency selling transaction graphic tutorial

Navigating the Alkimi platform, users can seamlessly sell ADS tokens through the "Exchange" tab, choosing from market or limit orders to execute trades at desired prices or instantly based on current market conditions.

Dec 25, 2024 at 10:03 am

Key Points:

• Overview of Alkimi (ADS)
• Creating an account on the Alkimi platform
• Adding funds to your Alkimi account
• Navigating the Alkimi platform
• Placing a sell order for ADS
• Completing the transaction
• Troubleshooting potential issues

Comprehensive Tutorial:

1. Introduction to Alkimi (ADS)

Alkimi (ADS) is a decentralized autonomous organization (DAO) and native token that drives the Alkimi ecosystem. Alkimi enables seamless interoperability between different blockchains, allowing users to access a vast array of decentralized applications (dApps) and services.

2. Creating an Alkimi Account

• Visit the Alkimi website and click on "Sign Up"
• Select your preferred sign-up method (email or Metamask)
• Enter the required information and complete the sign-up process
• Verify your email address or Metamask wallet

3. Adding Funds to Your Alkimi Account

• Click on the "Deposit" button in the Alkimi dashboard
• Select the cryptocurrency you wish to deposit (e.g., BTC, ETH, ADS)
• Copy the wallet address provided or scan the QR code
• Transfer the desired amount of cryptocurrency to the specified address

4. Navigating the Alkimi Platform

• Once your account is funded, navigate to the "Exchange" tab in the dashboard
• Select the "Sell" option and choose the trading pair you want to sell (e.g., ADS/USDT)

5. Placing a Sell Order for ADS

• Enter the number of ADS tokens you want to sell in the "Amount" field
• Select the order type (Market or Limit)
• Review the order details and click on the "Sell ADS" button

Market Order: Executes the trade immediately at the current market price.

Limit Order: Sets a specific price at which you wish to sell your ADS tokens. The order will only be executed if the market price reaches that level.

6. Completing the Transaction

• The transaction will be processed by the Alkimi platform and added to the order book
• Once the order is filled, the proceeds from the sale will be credited to your Alkimi account

7. Troubleshooting Potential Issues

• Ensure that you have sufficient ADS tokens in your account
• Verify that you have provided the correct wallet address for the cryptocurrency you are selling
• Check if the market price has fluctuated significantly since you placed your order
• Contact the Alkimi support team for further assistance

FAQs:

Q: What is the minimum amount of ADS that I can sell on Alkimi?
A: The minimum sell amount for ADS on Alkimi may vary depending on the trading pair and market conditions. Refer to the exchange interface for the specific minimum requirement.

Q: Are there any fees associated with selling ADS on Alkimi?
A: Alkimi charges minimal fees for completing transactions on its platform. These fees may vary depending on the trading pair, order type, and market activity.

Q: How long does it take for my sell order to be executed?
A: The execution time for a sell order depends on market conditions and the type of order placed. Market orders are typically executed immediately, while limit orders may take longer to fill.

Q: Can I cancel a sell order after it has been placed?
A: Yes, you can cancel a sell order that has not yet been filled by clicking on the "Cancel" button in the order book.

Q: How do I withdraw the proceeds from my ADS sale?
A: Once your sell order has been executed, you can withdraw the proceeds by navigating to the "Withdraw" tab in the Alkimi dashboard and selecting the desired withdrawal method and cryptocurrency.